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Kamux Oyj (KAMUX) Fair Value & Analysis

Consumer Cyclical · FI · Market cap €57.8M

KO Kamux Oyj KAMUX · HE
Price€1.57
Fair Value€3.55
Upside+126.4%
Quality56/100
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Mixed Growth
Thin margins · 0.1% net margin
Low debt · generates free cash flow
3.31% dividend yield
Mixed vs. peers (7/14)
Narrow moat 22/100
Evidence: High Range €2.31 – €4.79 Share as image

Fair value as of: Jul 19, 2026

From 16 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from €3.56 to €3.55 (−0.3%) since Jun 25, 2026. Share price −1.6% over the past month.

A solid business, screening 126% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€2.31). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€2.31 to €4.79) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€15.57 €1.50 Fair Value €3.55 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €1.50 – €15.57 · fair‑value band €2.31 – €4.79 · the €1.57 price screens below the €3.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Kamux Oyj (KAMUX) currently trades at €1.57, while our model-based Fair Value estimate is €3.55, implying the stock looks roughly 126.4% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Kamux Oyj generated revenue of €848M at a net margin of 0.1%. Revenue declined 11.6% year over year. It earns a return on equity of 0.4%. Net debt stands at €53.7M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €2.31 (bear case) to €4.79 (bull case); at €1.57, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -14% fair-value upside, at 126%, KAMUX screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €9.80 €13.20 €17.21 80
Rev-Margin DCF €4.31 €5.10 €6.10 74
ROIC Compounder €0.0600 €0.0700 €0.0800 72
All 16 models by family
DCF Models
FCF DCF €9.80 €13.77 €18.76 38
Owner Earnings €1.64 €2.31 €3.16 31
5Y Revenue Exit €4.31 €4.87 €5.36 39
5Y EBITDA Exit €6.10 €8.24 €10.60 41
10Y Revenue Exit €6.66 €7.75 €8.87 36
10Y EBITDA Exit €7.64 €9.75 €12.30 37
Earnings-Based
EPV €0.0600 €0.0700 €0.0800 59
Dividend Discount
Gordon GGM €0.5100 €0.8500 €1.11 70
DDM Multi-Stage €0.5100 €0.7800 €0.9200 61
Multiples
EV/EBIT €0.1500 €0.2100 €0.2700 53
EV/EBITDA €3.69 €4.93 €6.17 54
EV/Revenue €0.1000 €0.1500 €0.2000 43
Asset-Based
NCAV (Graham) €1.36 €1.82 €2.72 50
Growth DCF
Growth DCF €9.80 €13.20 €17.21 80
Rev-Margin DCF €4.31 €5.10 €6.10 74
Economic Profit
ROIC Compounder €0.0600 €0.0700 €0.0800 72

Widest divergence: DCF Models (€7.75) versus Earnings-Based (€0.0700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €848M
Revenue growth (YoY) -11.8%
Net margin 0.1%
Return on equity 0.4%
Free cash flow €44.9M FY2025
P/E ratio 151.2
More key figures
Operating margin -0.5%
EPS (TTM) €0.0100
Dividend yield 3.3%
EPS growth (YoY) +4.9%
Net debt €53.7M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 33

Profitability 30
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kamux Oyj, together with its subsidiaries, engages in the wholesale and retail of used cars in Finland, Sweden, and Germany. The company offers financing and insurance products; and sells used cars in auctions, as well as various integrated services to consumer and corporate customers.

Full company description

Kamux Oyj, together with its subsidiaries, engages in the wholesale and retail of used cars in Finland, Sweden, and Germany. The company offers financing and insurance products; and sells used cars in auctions, as well as various integrated services to consumer and corporate customers. It also provides Kamux Plus products which extend the liability for defects. The company provides its services through showrooms and digital channels. Kamux Oyj was founded in 2003 and is headquartered in Hämeenlinna, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kamux Oyj reported revenue of €876M in FY2025 versus €937M in FY2021, a compound −1.7%/yr. Reported net income was −€2.3M in FY2025.

Growth Quality 46/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€876M
Latest YoY
−13.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−3.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.9%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.7%
Revenue −1.7%/yr
FY21 €937M
FY22 €969M
FY23 €1.0B
FY24 €1.0B
FY25 €876M
Net income
FY21 €19.6M
FY22 €10.8M
FY23 €9.6M
FY24 €4.6M
FY25 −€2.3M
Character of growth · EPS growth decomposed (2014-2025) −4.6 % p.a.
Revenue per share +13.9 pp

of which total revenue +14.9 pp · buybacks/dilution −0.9 pp

EBIT margin −14.5 pp
Tax rate −0.5 pp
Residual (interest, one-offs) −3.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Kamux Oyj Fair Value". https://www.fairvalue-calculator.com/stock/KAMUX

Peer Group

Auto & Truck Dealerships · 102 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Above median
Fair Value upside +126% · Top 25%
Return on equity (TTM) 0% · Below median
Return on assets 1% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) -0% · Bottom 25%
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 3.3% · Above median
Debt / equity 0.19× · Lower than median

Valuation Multiples vs Auto & Truck Dealerships median · lower = cheaper

P/E (TTM) 151.2× · Pricier than 75% of peers
P/B 0.64× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers
P/FCF 1.5× · Cheaper than median
EV/EBITDA 11.5× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 21
FUTURE 0 · sector 9
PAST 2 · sector 20
HEALTH 91 · sector 89
DIVIDEND 66 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto & Truck Dealerships stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Carvana Co CVNA $70.38 $24.58 -65%
Penske Automotive Group PAG $202.66 $241.86 +19%
Hotai Motor Co 2207 476.50 TWD 576.75 TWD +21%
CarMax, Inc KMX $58.47 $29.62 -49%
Lithia Motors, Inc LAD $339.16 $610.95 +80%
AutoNation, Inc AN $205.72 $329.77 +60%
Rush Enterprises, Inc RUSHA $76.89 $66.27 -14%
Valvoline Inc VVV $38.64 $24.57 -36%
OPENLANE, Inc OPLN $39.46 $33.81 -14%
Eagers Automotive Limited APE A$20.83 A$17.66 -15%

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Frequently asked questions

Is Kamux Oyj (KAMUX) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €3.55 versus a price of €1.57, about +126% (undervalued).
What is the fair value of KAMUX?
Our model-based fair value for Kamux Oyj is €3.55 (as of Jul 19, 2026), built from audited fundamentals. The current price is €1.57.
What is the quality score of KAMUX?
Kamux Oyj has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kamux Oyj (KAMUX)?
Kamux Oyj reported trailing-twelve-month revenue of about €848M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of KAMUX?
The net profit margin of Kamux Oyj is about 0.1%, meaning it keeps roughly 0.1% of revenue as net income. Based on the latest reported figures.
Does Kamux Oyj pay a dividend?
Kamux Oyj currently shows a dividend yield of about 3.29% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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